Falana, in a statement, said political parties were by section 99 of the Electoral Act, allowed to campaign up till 24 hours to the election. "You can postpone an election but you cannot postpone destiny".
Nigeria postponed the previous presidential election in 2015 because of deadly insecurity in the northeast, which remains under threat from Islamic extremists.
Osita Chidoka, a representative of the Peoples Democratic Party (PDP) raised concerns on the chairman's statement on campaigns.
He appealed that campaigns continue so parties and candidates can continue to inform and mobilise voters rather than stay silent till the new date.
Reacting to this, the chairman said, "No political actors are silent".
A staggered election "would harm public perception of elections as free, fair and credible", Yakubu said.
On whether the Commission has enough funds should the elections be postponed again, Yakubu said that INEC was not complaining but stressed that the Commission did not intend to postpone any of the elections again.
"We have to take a decision and communicate because polls were supposed to open at 8a.m. and we took the decision at 2a.m.", he said.
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According to the British High Commission, Nigerians should be patient and support the democratic process by coming out to vote next weekend in the elections.
When Buhari came to power in 2015 he made history with the first defeat of an incumbent president in an election hailed as one of the most transparent and untroubled ever in Nigeria, which has seen deadly post-vote violence in the past.
Mahmood Yakubu, chairman of the Independent National Electoral Commission (INEC), attributed the decision to delays in transporting electoral materials.
The INEC cited problems in the distribution of ballot papers and results sheets, as well as sabotage, after three fires at its offices in two weeks.
A leading Nigerian civil society group, the Socio-Economic Rights and Accountability Project, on Sunday blamed successive governments for the repeated election delays.
The week-long delay could benefit either party, and some are openly suspicious that the APC orchestrated it, despite official denials from the electoral body that the decision was all theirs.
INEC had shifted the Presidential and National Assembly elections from February 16 to February 23 and the Governorship and State House of Assembly elections from March 2 to March 9.
However, the opposition candidate, former vice president Atiku Abubakar, later accused President Muhammadu Buhari of instigating the delay to "disenfranchise" the electorate. "Also, the Interest of over 200 Million people is more Important than someone to be the President of Nigeria".